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April 21, 2008
Waiver of homestead exemption in unsecured agreement
A retainer agreement between an attorney and his client purported to waive the client’s homestead exemption if the attorney obtained a lien to secure payment of legal fees and costs.
In an extensive opinion reviewing the law throughout the United States, the Florida Supreme Court held that a waiver of the homestead exemption in favor of other than a secured creditor is invalid. Chames v. DeMayo, 972 So. 2d 850 (Fla. 2007).
April 21, 2008 in Estate Planning - Generally, New Cases | Permalink
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